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Members rage at ‘cursed company’

The Equitable Members’ Action Group has made a scathing attack on chairman Vanni Treves, saying he has misled policyholders and wasted tens of millions in law suits that are nothing more than “grandstanding flimflam”.

Emag chairman Paul Braithwaite says Equitable is a “cursed company” and he slams Treves for “stabbing policyholders in the chest” by trying to scupper attempts to get compensation from the Government.

Equitable is continuing with its claim for 1.7bn from 15 ex-directors, which, if successful, could have serious ramifications for Emag’s drive to get the European parliament to open an inquiry into the UK regulators.

Braithwaite says Treves should drop the case and back Emag as that is the only realistic avenue for f significant compensation. I think Equitable is a cursed company. Its lawyer chairman Treves led policyholders to believe they would get billions in compensation from Ernst & Young and the former directors and the case was just grandstanding flimflam. I am gobsmacked that he is so brassnecked as to say they did not lose against E&Y.”


A tale of country folk

FundsNetwork executive director David Dalton-Brown has discovered a controversial technique for ridding his Norfolk acreage of an invasion of travelling folk. Dalton-Brown, having sought the advice of a local farmer, decided that his unwanted visitors might move on a bit more urgently if he borrowed the farmer’s manure sprayer and used it on the field. […]

It all adds up to nothing

Sorry, I know what I am about to comment on happened a couple of weeks ago but I really had to come back to this topic, if only because of the utterly mendacious way in which the Government has chosen to treat the issue.

Red tape rolls out in Lazard move

As you are probably aware,Lazard have now become part of the Fidelity Funds Network which, you might reasonably think, requires no action on the part of either us or our clients other than to consider the vastly wider range of funds now available. Not so. Crazy though it may seem in respect of investments made […]

Clerical bolsters pension range

Clerical Medical has increased the number of funds available on its group pension range by over a third, adding portfolios from Fidelity and Invesco Perpetual for the first time.


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